Debtor And Creditor Legal Questions

Well, first off, yes, I’d say you should make the payments you agreed to make.  But, that’s your choice, I suppose.  As far as the consequences of non-payment, look at the actual stipulation you signed.  In small claims, normally the stipulation agreement will have some language in it that if you fail to live up to your end of the agreement, you consent to the entry of a final judgment.  At that point, the credit card company will use the court order to attempt to collect the judgment with the enforcement of the courts.  The move may make it alittle more difficult for the credit card company, but they’ll find you.  Of course, depending on how the stipulation came to be, in small claims, the Judge may have signed a Final Judgment, but withheld execution pending a work-out between you and the credit card company.  The consequence is essentially the same – if you don’t pay, the company will go back to the Judge and ask that execution be ordered.  Long short – if you can pay, pay.  If the terms are sincerely too much, try to work out new terms.  Otherwise, you’ll be facing a judgment and enforcement most likely.... Read Answer

He needs to hire a lawyer ASAP. This may be the classic "zombie debt" where they sue people on account hoping the dont hire a lawyer or better yet simply default and they win. If it turns out that he wins on the collections case, he may be able to get his fees reimbursed AND possible sue the collector for damages and additional attorney's fees. We do offer FREE consultations on such cases at 1-800-922-6442.  ... Read Answer

Unfortunately, you made fatal mistake of gifting things and having verbal agreements intertwined with work. Unless the lens is worth the thousands of dollars that litigation will likely cost, it will be cheaper to buy new lens. The alternative is to hire a lawyer to write a demand letter BUT if he calls the bluff, and you dont take legal action, he will feelmore empowered to keep the lens.If you would like to discuss retaining an attorney to help up you, we do offer FREE in office consultations at 1-800-922-6442.... Read Answer

You will need to hire an attorney at your expense to address this issue if you were not insured for the accident. If you were insured, you need to report this to the insurance company so they can address the issue and hire a you an attorney. If you are here on student VISA you should check to see what impact not paying for damages from an accident you caused may have on your ability to remain in the US with an immigration lawyer also.... Read Answer

Sounds like a deposition in aid of execution and they are looking for that information because they have every intention of garnishing wages and seizing assets to satisify a judgment. If you plan on filing bankruptcy, you may want to step that process up and talk to bankruptcy lawyer ASAP. If you cant file BK ASAP, you may need to spend money to hire a lawyer to continue the depo a bit so you can. If you are looking to hire a lawyer you can call our office at 813-877-6442 to arrange for a FREE in office consultation. ... Read Answer